Legacy Benefit Rider 3 Are you looking to leave an additional amount to your beneficiaries? The Guaranteed Income Annuity’s Legacy Benefit Rider can give you greater financial confidence knowing that your loved ones will be taken care of by providing a death benefit through its “Legacy Benefit Base”. HOW DOES THE LEGACY BENEFIT RIDER WORK? The Legacy Benefit Rider establishes the Legacy Benefit Base and a 10% 4 bonus is applied immediately to the Legacy Benefit Base. Then each year on your contract anniversary, the Legacy Benefit Base is credited with the “Net Interest Rate” earned by the Account Value, plus 4%. The Legacy Benefit Base can grow to up to 250% 5 of the amount of your first year premium, and is used to calculate the death benefit payout to your beneficiaries.
Net Interest Rate credited to the Account Value (Guaranteed to be a minimum of 2.75%)
Interest Credited to the Legacy Benefit Base
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+
4%
RIDER BENEFITS: • A one-time bonus up to 10% of the purchase premium will be credited to the account value and the Legacy Benefit Base on the Policy Date. 4 • Your beneficiary has the option to choose from one of the following payout methods: Lump sum payout of account value or 80% of the Legacy Benefit Base (whichever is greater), or have 100% of the Legacy Benefit Base paid out over 5 years.
3 This rider is available for a fee. 4 Bonus is dependent on age - please check with your agent for more information. 5 Varies by state. Your death benefit has the potential to grow to 300% for policies in FL, ND and SD.
Please see the Guaranteed Income Annuity, Legacy Benefit Rider insert for more information.
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